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True to form, Indonesia has taken a trade diplomacy approach in response to a report by the US Trade Representative criticizing QRIS as a foreign trade barrier, highlighting Jakarta's readiness to cooperate with Washington on the matter.
6 months agoThe Energy and Mineral Resources Ministry has criticized South Korea’s LG Energy Solution’s decision to withdraw from a Rp 142 trillion (US$8.45 billion) project to develop electric vehicle (EV) battery manufacturing in Indonesia. ...
6 months agoThe tariffs on companies from Cambodia, Thailand, Malaysia and Vietnam will still need to be ratified at a meeting of the International Trade Commission in June. ...
6 months agoGold prices hit a fresh record on Monday while the dollar tumbled further along with Wall Street equities as President Donald Trump again slammed Federal Reserve Chair Jerome Powell.
6 months agoIndonesia unexpectedly booked a large trade surplus in March thanks to surging exports to the United States before import tariffs imposed by US President Donald Trump took effect.
6 months agoLPG is the primary cooking fuel for households across the country and Indonesia largely relies on imports of the commodity to meet domestic demand.
6 months agoTelkom’s Telkomsel currently leads Indonesia’s mobile market, closing out 2024 with 159.4 million subscribers, followed by IOH with 94.7 million users and XLSmart with 94.5 million.
6 months agoThe guarantees, aimed at easing investor concerns over the megaproject’s execution and continuity, will be issued jointly by the Finance Ministry and PT Penjaminan Infrastruktur Indonesia (PT PII), the ministry’s infrastructure guarantee vehicle.
6 months agoGold prices hit a fresh record Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump's tariff blitz and bubbling row with the Federal Reserve.
6 months agoChina on Monday warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiraling trade war between the world's two biggest economies.
6 months agoFiscal discipline is the key to riding out the "perfect storm" swirling around the state budget due to weakening exports amid a global trade war and planned tariff concessions to appease Washington, according to economists who also cautioned about the government's readiness in strategizing for a worst-case scenario.
6 months agoThe 737 MAX, which was meant for China's Xiamen Airlines, landed at Seattle's Boeing Field at 6:11 p.m. (0111 GMT), according to a Reuters witness. It was painted with Xiamen livery.
6 months agoEarlier this year, Industry Minister Agus Gumiwang Kartasasmita floated a proposal urging car manufacturers to lower new vehicle prices in a bid to reignite demand.
6 months agoThe closure of Tupperware Indonesia in January was almost a foretold outcome over years of falling sales and an outdated business model amid the rise of e-commerce and local competition, leaving behind a digital legacy of humorous memes.
6 months agoBoth sides have agreed that the negotiations, set to complete within 60 days, will include investment and trade partnerships, critical minerals and the development of a reliable supply chain corridor.
6 months agoIt is one of two federal suits targeting Google that could ultimately see the company split up and curb its influence—and part of a wider government push to rein in Big Tech.
6 months agoThe body noted that the auction process, management handover and subsequent implementation of construction work would soon take place.
6 months agoBoeing seeks to involve local industry in the fighter jet’s supply chain and training, as well as maintenance, repair and operation.
6 months agoThe talks between Ryosei Akazawa and President Donald Trump and other senior US officials were closely watched as a barometer for Washington's negotiations with other countries reeling from US tariffs
6 months agoBesides critical minerals, the industry minister also confirmed that the petrochemical sector is on the table.
6 months agoCompanies have to submit a due diligence statement annually, rather than for each shipment or batch of goods placed on the EU market, the Commission said in rule changes published late on Tuesday in response to industry demands.
6 months agoA new incentive targeting hydrogen-powered cars might be on the books as the government considers options on how to absorb PLN's excess supply of the gas, which could help fuel Indonesia's energy transition.
6 months agoRubio and Indonesian Foreign Minister Sugiono "discussed ways to deepen defense and security cooperation, including efforts to uphold freedom of navigation and overflight in the South China Sea in accordance with international law," the State Department said in a statement.
6 months agoWith a rapidly growing digital economy and increasing AI adoption, the nation is well-positioned to capitalize on this technological shift.
6 months agoAnalysts say a merger is increasingly likely. While institutional backers set to gain, millions of drivers and retail investors will likely lose out.
6 months agoRespondents to the survey said they were more optimistic about the outlook for the next three to six months, as they expect sales to increase in May and August thanks to Independence Day on Aug. 17.
6 months agoTech sovereignty has been front and center for weeks: the European Union unveiled its strategy to compete in the global artificial intelligence race and is talking about its own payment system to rival Mastercard.
6 months agoThe Indonesian Transport Workers Union (SPAI) said on Wednesday that it opposed the plan, stressing that it preferred that ride-hailing drivers be classified as employees
6 months agoIf China exports fewer goods to the US, he said, there will be fewer containers in the trade path between the two countries, which would reduce the availability of containers for shipments to other destinations.
6 months agoPresident Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on US imports in an intensifying trade war between the world's two biggest economies that markets fear will lead to a global recession.
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